Stocks to BUY Today, August 14: The Indian stock market is expected to start on a slightly weaker note on Friday (August 14), as indicated by the GIFT Nifty, while gains in some Asian markets could lend support to domestic equities.
As of 8:15 am IST, the GIFT Nifty was trading 0.1 per cent, or 28.5 points, lower at 24,434.50. The GIFT Nifty is a pre-market indicator for the Nifty 50 and often signals whether the benchmark index is likely to open higher, lower or flat based on global market cues. (GIFT Nifty Today)
Ahead of the trading session, SEBI-registered research analyst Kunal Bothra has recommended a few stocks that could potentially generate gains for investors during Friday’s session.
Stocks to Buy
Here are the top stock picks suggested by Kunal Bothra, along with their target prices and stop-loss levels:
Nifty Levels to Watch
Ahead of today’s trading session on the NSE, the analyst has identified the following key support and resistance levels for the Nifty 50:
- Support: 24,000
- Resistance: 24,500
Asian Markets Today
Asian markets traded mixed on Friday (August 14), with major indices showing varied trends.
Japan’s Nikkei 225 rose around 1 per cent to 68,819. South Korea’s KOSPI traded around 1.5 per cent higher at 6,910.12, while Hong Kong’s Hang Seng traded 0.7 per cent lower at 25,226 and China’s Shanghai Composite ticked lower to 3,919.19.
Stock Market on August 13
Benchmark indices ended mixed on Thursday (August 13), as crude oil prices remained elevated amid the unresolved situation in the Strait of Hormuz.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
